Industrial Property with Fenced
For Sale
$2,160,000
Pending
650 Gyrfalcon, Windsor, CO 80550
Industrial property with warehouse, office, and ample outdoor storage.
Property Size9,000 SF
Lot Size2.25 Acres
Days on Market215
Property Features for 650 Gyrfalcon
General Information
Standard status
Pending
Size
9,000 SF
Lot size
2.25 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$23,258
Amenities
Central air
Metal Roof
Central Air Cooling
Forced Air Heating
Loading: Drive-in
Radiant Heating
Building Details
Year Built
2019
Listing Agency:
Cushman Wakefield
(970) 776-3900
Listed By:
NATE HECKEL · License #FA.040037901
Source:
Corcoran
Added: Jan 9
Changed: Aug 8
Last Checked: Apr 5 at 8:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman Wakefield
Investment Insights
Based on property information with market context.
The property at 650 Gyrfalcon Court in Windsor, Colorado, is an industrial building suitable for warehouse, distribution, or contractor operations. It features approximately 5,400 square feet of warehouse space, complemented by an 1,800-square-foot mezzanine and 1,800 square feet of finished office space. The building is equipped with five 14' x 12' overhead doors, including two drive-through bays. Situated on a 2.25-acre site, the property includes a fully fenced yard, providing outdoor storage and flexibility.
Key Highlights
- 5,400 SF warehouse, 1,800 SF mezzanine, and 1,800 SF finished office space.
- Large 2.25‑acre site with fully fenced yard** for ample outdoor storage.
- Five 14' x 12' overhead doors**, including two drive‑through bays.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$100,393
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,007,860
$2.0M
Cap Rate 7%
$1,434,186
$1.4M
Cap Rate 9%
$1,115,478
$1.1M
Market Conditions
NOI Build-Up for 9,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$128.5K $14.28/SF
− Vacancy
−$10.4K −$1.16/SF
EGI
$118.1K $13.12/SF
− OpEx
−$17.7K −$1.97/SF
NOI
$100.4K $11.15/SF
Area
Weld County, CO
Vacancy
8.10%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,007,860
Cap Rate 7%
$1,434,186
Cap Rate 9%
$1,115,478
Alternative Uses
Best Use
Warehouse
$1.43M
$1.25M – $1.67M
NOI $100,393 @ 7.0% cap · market cap 4.65%
Second Best
Industrial
$1.15M
$1.00M – $1.34M
NOI $80,246 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office B
$1.64M
$1.44M – $1.91M
NOI $114,818 @ 7.0% cap · market cap 5.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 80550, CO
38,909
Population
17,140
Households
2.3
Avg Household Size
36
Median Age
51%
College-Educated
98%
High-School Grad
52.4 sq mi
ZIP Area
743
Density / Sq Mi
$121,487
Median Household Income
$60,940
Median Earnings
$1,791
Median Rent
$538,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial property with warehouse, office, and ample outdoor storage.
Where is this flex space located?
The property is located at 650 Gyrfalcon Windsor, CO.
What is the asking price?
The asking price for this property is $2,160,000.
What are key features of this property?
This property features: 5,400 SF warehouse, 1,800 SF mezzanine, and **1,800 SF finished office space**.; Large 2.25‑acre site with fully fenced yard** for ample outdoor storage.; Five 14' x 12' overhead doors**, including two drive‑through bays.
